Waratah Launches Offshore Funds

Mar 1 2012 | 11:55am ET

Canada's Waratah Advisors is looking beyond that country's borders with the launch of a pair of offshore funds.

The Toronto-based firm unveiled the offshore versions of its Waratah One and Waratah Performance funds last month. Both employ market-neutral strategies, with Performance having a more concentrated portfolio; the funds returned 5.8% and 5.6%, respectively, last year.

The US$300 million firm elected to create offshore funds to run concurrently with the existing products in response to demand from outside Canada, HFMWeek reports. The funds launched with US$50 million in initial assets, including capital from a large institutional investor in New York.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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